Economy Grew 1.3% In 2nd Quarter

 

The Jamaican economy grew by 1.3 per cent for the second quarter of 2019 when compared to the similar quarter of 2018.

The Statistical Institute (STATIN) said this resulted from improved performances in both the Goods Producing Industries (0.6 %) and the Services Industries (1.6 %).

However, Agriculture, Forestry & Fishing declined by 1.7 per cent and Construction by 1.4 per cent.

Growth of 4.6% in the Mining & Quarrying industry was mainly due to the rise in alumina production resulting from improvement in operations at the Alpart refinery.

 

Franklin McKnight

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